Cranial Fixation & Stabilization Systems Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.70 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Cranial Fixation & Stabilization Systems Market Analysis
The cranial fixation and stabilization systems market is expected to register a CAGR of 8.7% during the forecast period.
Patients with long-term neurological disorders were severely impacted as the SARS-CoV-2 infection worsened when it was associated with neurological and neuropsychiatric illness. Neurological surgeries were delayed or postponed during COVID-19, adversely impacting the market studied in its initial phase. For instance, according to the study published in the Acta Neurochirurgica in November 2021, amid the pandemic, there was a 33.6% decrease in neurosurgical emergency referrals and a 55.6% decrease in operations. Thus, decreasing the demand for cranial fixation and stabilization systems among the patient population. However, the market is gradually stabilizing as COVID-19 cases are declining resulting in the return of the normal demand levels for cranial fixation and stabilization systems. Thus, there is a significant impact on the cranial fixation and stabilization systems market over the forecast period.
The increasing prevalence of neurological diseases, increasing incidence of road accidents and injuries, and technological advancements in the field of cranial fixation and stabilization systems are attributed to driving the growth of the market over the forecast period. For instance, the Alzheimer's Association Report updated in June 2022 stated an estimated 6.2 million people might have Alzheimer's disease in the United States, and nearly a million Americans are living with Parkinson's disease. Additionally, according to the WHO, in June 2022, approximately 1.3 million people died in road accidents. Between 20 and 50 million people suffer from non-fatal injuries, with many incurring disabilities due to their injuries. Such injuries may result in an increased demand for cranial fixation procedures since these devices offer greater precision by immobilizing the main structures within the skull.
Additionally, the approval from the regulatory authorities is also propelling the growth of the market. For instance, in October 2021, OssDsign received expanded market clearance from the US FDA for OssDsign Cranial PSI, a patient-specific cranial implant. Such development is expected to drive the growth of the market.
Therefore, the factors such as increasing prevalence of neurological diseases, increasing incidence of road accidents and injuries, and technological advancements in the field of cranial fixation and stabilization systems are attributed collectively to the studied market growth over the forecast period. However high cost of surgeries is expected to hinder market growth over the forecast period.
Cranial Fixation & Stabilization Systems Market Trends
This section covers the major market trends shaping the Cranial Fixation & Stabilization Systems Market according to our research experts:
Cranial Fixation Systems Segment is Expected to Hold a Significant Share Over the Forecast
A cranial fixation system is designed for the structural stability of the skull and is used during neuro or spinal surgeries. The major factors driving the segment's growth are the growing number of road accidents, the surge in the prevalence of neurological disorders coupled with technological advancements, and an upsurge in research and development activities.
According to an article published by Mediacorp Pte Ltd., in September 2022, the number of accidents involving motorcyclists in Singapore increased to 1,733 in the first half of 2022, compared to 1,711 in the same period in 2021. Injured motorcyclists and pillion riders increased to 1,844 in the first half of 2022, up from 1,816 in the same period in 2021. Such an increase in road accidents and injuries may affect the individual's body and the skull, resulting in craniotomy surgeries, and boosting the demand for cranial fixation systems among the patient population.
Furthermore, the growing availability of customized product offerings and the increasing volume of brain surgeries requiring cranial fixation systems are also expected to augment the segment's growth. For instance, according to the study published in Surgical Neurology International in February 2021, cranial fixation is a postoperative cranial bone flap fixation system that is safe, reliable, and simple to use. Every neurosurgical procedure majorly involves the fixation of bone flaps after craniotomy. Thus, increasing the use of the cranial system in neurological processes is likely to positively impact the segment's growth.
Thus, the rising incidence of accidents, brain injuries, and the increasing prevalence of neurological diseases are the key driving factors for cranial fixation system segment growth.
North America is Expected to Hold a Significant Share in the Market and Over the Forecast Period
North America is expected to hold a significant market share in the global cranial fixation and stabilization systems market due to the rising incidence of accidents, brain injuries, and the increasing prevalence of neurological diseases in this region. Furthermore, due to the high prevalence of neurological diseases and new product launches, the market is expected to project growth. For instance, according to the National Safety Council, 2022 statistics reported that in 2021, 3.2 million people were treated in emergency departments for injuries involving sports and recreational equipment. The activities most frequently associated with injuries are exercise, cycling, and basketball. The same source also reported that the age group with the highest injury rate is 15 to 24-year-olds. Also, nearly 4,148,404 males and 2,158,887 females were injured and 91% of injury victims are treated in emergency departments and released Such an increase in a traffic accident is expected to boost the demand for cranial fixation and stabilization systems, in turn, driving the growth of the market in the region.
Also, the growing aging population in the region is expected to increase the burden of neurological diseases as the senior population is more prone to neurodegenerative disorders. For instance, according to the Statistics Canada article published in April 2022, there are over 861,000 people aged 85 and older who were counted in the 2021 Census. It also reported that the population aged 85 and older comprise 2.3% of the total population of Canada. Furthermore, technological advancements in cranial fixation and stabilization systems and growing healthcare expenditure levels are also fueling the growth of the regional market to a large extent.
Additionally, the strategic initiatives taken by the market players are also propelling the market's growth in the region. Forinstance, in August 2022, OSSIO, Inc., launched in United States for commercial use of OSSIOfiber Suture Anchors, expanding patient access to the company's growing portfolio of bio-integrative implants. Such development is expected to drive the growth of the market.
Thus, these aforementioned factors are likely to impel the market's growth in North America.
Cranial Fixation & Stabilization Systems Industry Overview
The cranial fixation and stabilization systems market is fragmented and competitive and consists of several major players. In terms of market share, a few major players dominate the market. Some major players have used various strategies such as expansions, agreements, new product launches, joint ventures, acquisitions, and partnerships to increase their footprints in this market. Some of the companies which are currently dominating the market include Integra LifeSciences Corporation, B. Braun Melsungen AG, Depuy Synthes (Johnson & Johnson), Medtronic Plc, Stryker Corporation, Zimmer Biomet Holding, Inc, Evonos GmbH & Co. KG, Changzhou Huida Medical Instrument Co., Ltd, Jeil Medical Corporation, and KLS Martin Group.
Cranial Fixation & Stabilization Systems Market Leaders
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Integra LifeSciences Corporation
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Depuy Synthes (Johnson & Johnson)
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Medtronic Plc
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Stryker Corporation
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B. Braun SE
*Disclaimer: Major Players sorted in no particular order
Cranial Fixation & Stabilization Systems Market News
- In June 2022, NGMedical GmbH launched ART Fixation System in Europe. The ART Fixation System was developed with the goal of providing the surgeon with a fixation system to perform dorsal spinal stabilizations simply, quickly, and effectively.
- In April 2022, Osteopore expanded its footprint in Europe with its first shipment of cranial regenerative implants to Spain. The initial orders were received from Osteopore's Spain-based distribution partner, Acuña y Fombona, one of the main distributors of medical and surgical materials in the region.
Cranial Fixation & Stabilization Systems Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Increasing Prevalence of Neurological Diseases
- 4.2.2 Increasing Incidence of Road Accidents and Injuries
- 4.2.3 Technological Advancements in the Field of Cranial Fixation and Stabilization Systems
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4.3 Market Restraints
- 4.3.1 High Cost of Surgeries
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4.4 Porter's Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
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5.1 By Product Type
- 5.1.1 Cranial Fixation System
- 5.1.2 Cranial Stabilization Systems
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5.2 By Material Type
- 5.2.1 Resorbable Fixation Systems
- 5.2.2 Nonresorbable Fixation Systems
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Italy
- 5.3.2.5 Spain
- 5.3.2.6 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 South Korea
- 5.3.3.6 Rest of Asia-Pacific
- 5.3.4 Middle East and Africa
- 5.3.4.1 GCC
- 5.3.4.2 South Africa
- 5.3.4.3 Rest of Middle East and Africa
- 5.3.5 South America
- 5.3.5.1 Brazil
- 5.3.5.2 Argentina
- 5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Integra LifeSciences Corporation
- 6.1.2 B. Braun SE
- 6.1.3 Depuy Synthes (Johnson & Johnson)
- 6.1.4 Medtronic Plc
- 6.1.5 Stryker Corporation
- 6.1.6 Zimmer Biomet Holding, Inc
- 6.1.7 Evonos GmbH & Co. KG
- 6.1.8 Changzhou Huida Medical Instrument Co., Ltd
- 6.1.9 Jeil Medical Corporation
- 6.1.10 KLS Martin Group
- 6.1.11 NEOS Surgery
- 6.1.12 Medicon
- 6.1.13 Acumed LLC
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityCranial Fixation & Stabilization Systems Industry Segmentation
As per the scope of the study, the cranial fixation and stabilization systems ensure the fixation and structural stability of the replaced skull flap. These are divided into a cranial fixation and cranial stabilization systems. The Cranial Fixation and Stabilization Systems Market is Segmented by Product Type (Cranial Fixation System, Cranial Stabilization Systems), Material Type (Resorbable Fixation Systems, Nonresorbable Fixation Systems), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across significant global regions. The report offers the value (USD million) for the above segments.
| By Product Type | Cranial Fixation System | |
| Cranial Stabilization Systems | ||
| By Material Type | Resorbable Fixation Systems | |
| Nonresorbable Fixation Systems | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle East and Africa | GCC |
| South Africa | ||
| Rest of Middle East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Cranial Fixation & Stabilization Systems Market Research FAQs
What is the current Cranial Fixation and Stabilization Systems Market size?
The Cranial Fixation and Stabilization Systems Market is projected to register a CAGR of 8.70% during the forecast period (2024-2029)
Who are the key players in Cranial Fixation and Stabilization Systems Market?
Integra LifeSciences Corporation, Depuy Synthes (Johnson & Johnson), Medtronic Plc, Stryker Corporation and B. Braun SE are the major companies operating in the Cranial Fixation and Stabilization Systems Market.
Which is the fastest growing region in Cranial Fixation and Stabilization Systems Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Cranial Fixation and Stabilization Systems Market?
In 2024, the North America accounts for the largest market share in Cranial Fixation and Stabilization Systems Market.
What years does this Cranial Fixation and Stabilization Systems Market cover?
The report covers the Cranial Fixation and Stabilization Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cranial Fixation and Stabilization Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Cranial Fixation and Stabilization Systems Industry Report
Statistics for the 2024 Cranial Fixation and Stabilization Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cranial Fixation and Stabilization Systems analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
